Polski Holding Nieruchomości S.A. has signed a contract for the third and final stage of the Młoda Białołęka residential project on Geodezyjna Street in Warsaw. PHN Group company Chemobudowa Kraków will be the general contractor of the project. The new development will include 174 apartments and construction is scheduled for completion in the fourth quarter of 2027.

The project is located on Geodezyjna Street, between Trasa Toruńska and Głębocka Street, in Warsaw’s Białołęka district. The estate is very popular with customers thanks to its good transport links to the center of Warsaw.

The third stage of the Młoda Białołęka Housing Estate will include six buildings with four overground stories and one underground story. A total of 174 functional apartments with varied layouts are planned to suit the needs of families, couples and singles. The offer will include one-, two- and three-room units with surface areas ranging from about 30 to nearly 70 sqm.

All apartments have been designed with open-plan kitchens and very spacious balconies and terraces as a distinguishing characteristic and flagship feature of the estate. An above-average room height of 2.9 meters and large glazing will provide excellent interior lighting. Ground floor apartments will feature private gardens.

“The third stage of the Młoda Białołęka Housing Estate is part of a consistent development strategy of Polski Holding Nieruchomości in the area of residential projects. It is a good example of our approach to creating modern, comfortable and resident-friendly spaces. We are committed to ensuring the quality, functionality and long-term value of our projects," said Jacek Krawczykowski, Vice President of the Management Board for Investments at Polski Holding Nieruchomości S.A.

The timetable for the investment calls for completion within 19 months from the handover of the construction site to the general contractor. Sales of the apartments are scheduled to start in the second quarter of this year.

Chemobudowa Kraków, a PHN Group company, is responsible for the development. As one of the most experienced construction companies in Poland, it has carried out a wide range of projects, from infrastructure investments to residential developments, also within the PHN Group.

“We are delighted to be part of another project for the PHN Group, of which Chemobudowa is a member company. We are embarking on this investment with full organizational readiness, based on the experience gained from hundreds of thousands of square meters built so far as part of our projects. We appreciate the confidence of the investor and the opportunity to co-create a project that develops Warsaw's residential space," said Ziemowit Borowczak, Vice President and Member of the Management Board for Investment and Development at Chemobudowa Kraków S.A.

Residents will have 154 parking spaces in the underground garage at their disposal, along with 24 above-ground spaces on the estate. In addition, 28 public parking spaces for visitors are planned along the access road to the development. The estate will also offer 153 storage units for residents to choose from. The buildings will be equipped with bicycle parking racks and storage facilities.

The new stage will fit coherently into the urban layout of the entire development. Residents will have access to carefully designed common areas and recreational infrastructure, including publicly accessible playgrounds and recreation areas created as part of the previous stages of the development.

The project incorporates numerous environmentally friendly solutions. Trees, shrubs and ornamental grasses are planned to be planted within the grounds, improving the microclimate and aesthetics of the space. Rainwater, collected in retention tanks, will be used to water the greenery, and a system of infiltration boxes will allow rainwater to be evenly distributed. The installation of birdhouses on the roofs of the buildings is planned, as well as infrastructure to enable future photovoltaic panels to be mounted to supply power to the common areas.

Polski Holding Nieruchomości S.A. is consistently developing its residential development offering throughout Poland. More projects are in the pipeline, including the continuation of the Yacht Park project in Gdynia and the continuation of the ŁAN Estate in Wroclaw, as well as premium investment projects, such as 10 Foksal Street in Warsaw, among others. The revitalization of the Wilanów Estate is also among the upcoming projects.

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About the PHN Group

Polski Holding Nieruchomości S.A. is one of the largest groups in the Polish commercial property sector in terms of the market value of its portfolio. PHN Group has a diversified business profile – it is primarily active in the office, residential and logistics markets. PHN Group’s portfolio comprises more than 150 standalone properties with a market value of approx. PLN 3.5B. PHN Group provides comprehensive rental and management services – it currently manages more than 500,000 sqm of leasable space. PHN Group owns about 270 hectares of land earmarked for projects in various market segments. PHN Group is also active in the construction sector – by providing general contracting, subcontracting and design services, as well as in the development sector as an investor – by carrying out projects related to the construction and sale of residential units and the construction of commercial buildings. PHN Group’s main market is Poland. PHN’s activities in the rental segment are concentrated primarily in Warsaw and the largest regional cities, including the Tri-City, Poznań, Kraków, Katowice, Łódź and Wrocław. Since 13 February 2013, PHN’s shares have been listed on the Warsaw Stock Exchange.